The following are the reasons, why it takes an appraisal?
- because the lender requires it,
- to reduce your tax burden,
- to help you create one of the largest financial decisions in your life,
- provide a negotiating tool when purchasing real estate,
- to determine a fair price when selling real estate,
- to protect your rights in cases of criminal prosecution and
- to allow you to get a valuation report from the appraiser qualifications of quality.
- because government agencies such as the IRS requires it or because you are involved in a lawsuit. Source : www.loanexpo.com
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